
USDA's 2019 trade aid package, valued at up to $16 billion, was announced in May 2019 to offset trade damage from tariff retaliation. The Market Facilitation Program provides up to $14.5 billion in direct payments, with additional funds for food purchases and export market development.
Direct payments cushion farm income while trade disputes persist, which can sustain planted acreage and feed-grain supply despite weak export demand. The program does not directly change commodity balance sheets, so its price effect is indirect.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.